Counting Coral Corp

Analysis

Counting Coral Corp is a registered charity in United States, based in Sedona, AZ. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Counting Coral Corp reported income of $58k and spending of $87k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $58k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Counting Coral Corp sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within AZ. Charities of a similar size with the same main cause include San Diego Fishermens Working Group ($58k), Canadarago Lake Improvement Association Inc ($58k) and Clean Water for Children Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.